Oil and petrochemical products trade increases by 6.9 percent in Iran's Stock Exchange

Business Materials 26 May 2011 16:52 (UTC +04:00)

Azerbaijan , Baku, 26 May/Trend/

After first batch of export gasoline sold in Iran's Commodity market last week, the range of oil and petrochemical products transactions increased by 6.9 percent in stock exchange, SHANA reported.

More than 620,000 tons of oil and petrochemical products were sold in May. A total of 73,325 tons of chemical products were sold at commodity exchange and trades with petrochemical products amounted to $40 billion.

Polymer products transaction increased by 9.48 percent to $97 billion. Meanwhile, 20,000 tons of export gasoline was sold at $ 21 billion.

Bandar Abbas Oil Refining Company (BAORCO) delivered 20,000 tons of gasoline for export to Iran's International Oil Bourse on Kish Island.

Iran 's Oil bourse officially entered Iran's Stock Market by the first trade of gasoline shares in Iran's International Oil Bourse.

The commodity exchange includes various petrochemical items such as vacuum bottom, lobe cut, sulfur, gases, tar, chemicals, gasoline, polymer materials, oil, and extract ISO recycle

Iran 's production capacity of petrochemical products reached 38.6 tons in 2009 compared last solar year (end March 20, 2010). Iran's petrochemical products hit 51 million tons.

Iran invested $9.3 billion in 27 petrochemical projects with 12.8 production capacity and additional services.